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Southern Company CEO Fanning Appointed To Atlanta Fed Board

By Cassandra Sweet Of DOW JONES NEWSWIRES Southern Co. (SO) Chief Executive Thomas Fanning has been appointed to the board of directors of the Federal Reserve Bank of Atlanta, the company said Monday. Fanning will serve the remainder of a term that began Jan. 1, 2010, and runs through Dec. 31 of this year. Fanning is a Class C director, appointed by the Fed's board of governors in Washington to represent commerce, industry, agriculture, labor or consumers. Southern Co. received federal approval earlier this month to build the first new U.S. nuclear power plant in decades. The company plans to build two new reactors at the Vogtle site in Georgia near the South Carolina border and is waiting for the Department of Energy to close on an $8.3 billion loan guarantee after the company received a license from the Nuclear Regulatory Commission earlier this month. Southern's Georgia utility has estimated the project will cost more than $6 billion, to be split among the project's owners. Southern, which will own 46% of the new reactors, expects to pay $2.2 billion. Oglethorpe Power, MEAG Power, and Dalton Utilities will own the rest of the project. Energy Secretary Steven Chu said earlier this month that he expected Southern to obtain the loan guarantee after the company got its construction and operating license from the Nuclear Regulatory Commission. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468;

Stock News for Southern (SO)
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11/25/201510:23:18Statement of Changes in Beneficial Ownership (4)
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11/23/201512:01:00Mississippi Power proposes nearly $14 decrease per month in fuel...
11/20/201513:00:00Final water discharge permit received for Vogtle nuclear expansion
11/19/201516:30:00AGL Resources Shareholders Vote to Approve Merger with Southern...
11/19/201515:30:00Final 1.3 million-pound steam generator arrives at Vogtle nuclear...
11/18/201516:50:00First U.S. AP1000 "turbine tabletop" safely completed at Vogtle...
11/18/201516:39:54Current Report Filing (8-k)
11/18/201509:00:00Southern Company subsidiary becomes first investment-grade U.S...
11/13/201518:20:00Southern Company subsidiary announces pricing of $1 billion of...
11/11/201512:48:00Georgia Power salutes veterans in its workforce
11/11/201512:00:00Southern Company ranked top military friendly utility by G.I...
11/10/201510:45:00PSC approves Mississippi Power's utility-scale solar projects
11/09/201511:15:033 Reasons Honeywell International Inc. Is a Great Internet-of-Things...
11/05/201513:46:00Southern Nuclear receives two top industry awards for achievements...
11/04/201509:51:21Statement of Changes in Beneficial Ownership (4)
11/03/201517:00:00Southern Company, AGL Resources file request with Maryland regulators...
11/03/201516:32:00Georgia Power introduces new online resources for lake residents...
11/02/201514:30:00Georgia Power LED roadway lighting project underway statewide

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